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US university’s commencement speaker reveals he will pay off students’ final-year loans

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Anil Kochhar, a North Carolina State University donor, gave graduates of the school’s Wilson College of Textiles a lot more than just words of wisdom when he delivered their keynote commencement address recently. The Indian American entrepreneur also announced that he would pay off any student loans taken out by the college’s graduating pupils during their senior year. “I hope that all of you leave … today not only with a degree but with greater freedom to pursue your goals, take risks and build the lives that you’ve worked so hard to achieve,” Kochhar said, prompting loud cheers, applause and a standing ovation from his audience. Video of Kochhar’s 8 May announcement quickly went viral in portions of the internet dedicated to finding news about acts of kindness. About 43 million people in the US carry student loan debt totaling nearly $1.7tn, and the small fraction of those who have gotten relief for their balances describe it as transformative. NC State University.…

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